Thursday, 7 August 2014

Statoil completes 2014 Hoop exploration programme

Statoil has together with its partner Idemitsu Petroleum Norge made a small gas discovery in the Mercury prospect in PL614 in the Barents Sea.

This completes Statoil’s 2014 exploration programme in the Hoop area.

Statoil drilled three exploration wells in the Hoop area in the Barents Sea: Apollo and Atlantis in PL615 and Mercury in PL614. Those were Statoil’s first operated wells in the Hoop area. Statoil is partner in the OMV-operated oil discoveries Wisting Central and Hanssen in the neighbour licence PL537, which opened a new oil play in the Hoop area.

Unfortunately, the three Statoil-operated wells drilled this summer did not result in commercial discoveries. In Apollo a good reservoir was proved in the well, but no hydrocarbons. Atlantis and Mercury resulted in two small gas discoveries.